Alpine Global Management LLC Buys New Shares in Gogoro Inc. (NASDAQ:GGR)

Alpine Global Management LLC purchased a new position in shares of Gogoro Inc. (NASDAQ:GGR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,427 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its holdings in Gogoro by 105.3% in the third quarter. State Street Corp now owns 134,806 shares of the company’s stock valued at $71,000 after buying an additional 69,142 shares during the last quarter. Aspiring Ventures LLC purchased a new position in shares of Gogoro in the 4th quarter valued at about $495,000. JPMorgan Chase & Co. raised its position in shares of Gogoro by 130.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 563,316 shares of the company’s stock worth $299,000 after acquiring an additional 318,897 shares in the last quarter. Jane Street Group LLC lifted its stake in Gogoro by 113.0% during the third quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock worth $47,000 after purchasing an additional 47,336 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Gogoro in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 15.87% of the company’s stock.

Gogoro Stock Up 3.5 %

GGR stock opened at $0.27 on Wednesday. The stock has a market cap of $78.92 million, a P/E ratio of -0.59 and a beta of 0.85. The company has a current ratio of 0.89, a quick ratio of 0.69 and a debt-to-equity ratio of 1.58. Gogoro Inc. has a twelve month low of $0.19 and a twelve month high of $2.02. The company’s 50 day moving average is $0.35 and its two-hundred day moving average is $0.45.

Gogoro (NASDAQ:GGR) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.22). Gogoro had a negative net margin of 39.69% and a negative return on equity of 53.23%. The company had revenue of $73.01 million during the quarter. Research analysts expect that Gogoro Inc. will post -0.12 earnings per share for the current fiscal year.

About Gogoro

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.